MSFT: Need to close above $198-198.5 to prove bullishness
this is a bit of a different perspective using Renko 1hr/$0.5 blocks
it shows a possible bullish convergence between price and both seller power & supply/demand on the short term, but to confirm, MSFT should close the week above the resistance band at $198 - $198.5 -- else opens with a gap above that level on Monday -- if neither of these scenarios happen, we may expect some weakness next week ..as the Q4 earnings approach in July.
added below the normal 1hr/candle view for comparison
Let's keep an eye on the upcoming moves.
it shows a possible bullish convergence between price and both seller power & supply/demand on the short term, but to confirm, MSFT should close the week above the resistance band at $198 - $198.5 -- else opens with a gap above that level on Monday -- if neither of these scenarios happen, we may expect some weakness next week ..as the Q4 earnings approach in July.
added below the normal 1hr/candle view for comparison
Let's keep an eye on the upcoming moves.
